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Get the free Suburb Median Sale Price (Unit) $405,795

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STATEMENT OF INFORMATION Section 47AF of the Estate Agents Act 198012/20 SKINNER STREET, HASTINGS, VIC322Indicative Selling Price For the meaning of this price see consumer.vic.au/underquotingPrice
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Research the suburb median sale price using online real estate portals or government websites.
02
Determine the time frame for which you want to obtain the median sale price, such as the past 6 months or year.
03
Filter the data based on relevant criteria, such as property type (houses, apartments, etc.), number of bedrooms, and location within the suburb.
04
Calculate the median sale price by arranging the property sale prices in ascending order and finding the middle value. If there is an even number of sales, take the average of the two middle values.
05
Take note of any outliers or unusually high/low sale prices that might skew the overall median. Consider excluding these from your calculations if they are not representative of the typical sale price in the suburb.
06
Repeat the process for different time frames or property types if desired.
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Record the suburb median sale price along with any relevant details and sources to keep track of the information.

Who needs suburb median sale price?

01
Potential homebuyers: They need suburb median sale price to understand the average property prices in different areas and make informed decisions about purchasing a property.
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Researchers and analysts: They study suburb median sale prices to track market trends, analyze property market performance, and generate market reports for various purposes.
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The suburb median sale price is the middle price of all property sales in a specific suburb.
Real estate agents, property appraisers, and property developers are typically required to file suburb median sale prices.
Suburb median sale prices are usually reported by entering the sales prices of all properties sold in a suburb and calculating the middle price.
The purpose of suburb median sale price is to provide an indicator of the real estate market activity and trends in a specific area.
The suburb median sale price report should include the sales prices of all properties sold in the suburb.
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Relevant keywords

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